Mortgage Professional America, Oct. 14, 2022–Tony CantuAmid a home affordability crisis, the Mortgage Bankers Association and several trade organizations – as part of the Black Homeownership Collaborative – submitted a …
Category: Top National News
Non-Agency MBS Market Runs Aground in 3Q22
Inside Mortgage Finance, Oct. 14, 2022–John BancroftThe market generated $21.19 billion of new non-agency MBS during 3Q22, a severe 36.4% drop from the prior period. It was the steepest decline …
Mortgage Rates Come Close To 7% As Foreclosure Filings Spike
ValueWalk, Oct. 13, 2022–Phil HallThis week in the housing world, mortgage rates ascended to their highest level in 20 years, mortgage application activity remained at a quarter-century low, and foreclosure …
FHFA Suspends Counterparties with Ties to Title or REO Scams
National Mortgage News, Oct. 13, 2022–Bonnie Sinnock (subscription)The Federal Housing Finance Agency this week suspended business with certain individuals found guilty in court of involvement with scams regarding mortgaged properties, …
Demand for Riskier Home Loans is High as Interest Rates Soar
CNBC, Oct. 12, 2022–Diana OlickTotal mortgage application volume dropped 2% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index, a consequence of surging …
As Mortgage Rates Rise, Some People are Giving up on Owning a Home
NPR Morning Editions, Oct. 12, 2022–Chris ArnoldMortgage rates are up near 7%. That’s adding nearly $1,000 a month to the mortgage payment for a typical house, sending home ownership beyond …
Seniors Hold Record $11.58 Trillion in Home Equity
National Mortgage News, Oct. 12, 2022–Andrew Martinez (subscription)Seniors enjoyed record rises in home equity this summer, holding an all-time high of $11.58 trillion in housing wealth in the second quarter, …
Home Point Cancels Credit Suisse Repo Line
Inside Mortgage Finance, Oct. 12, 2022–Paul MuoloHome Point Financial Corp., after the bell Tuesday, disclosed it terminated a master repurchase agreement and securities contract it had with Credit Suisse First …
How Rising Mortgage Rates are Pushing People Back into the Rental Market
The Hill, Oct. 11, 2022–Adam BarnesIn-place rents — where renters are already in a lease — are the focus of the Fed’s inflation measures rather than asking rents, said Jamie …
Late Court Rulings Set Stage for Fairholme-FHFA Trial
Inside Mortgage Finance, Oct. 11, 2022–Dennis HollierThe federal government appears to have won the latest skirmish in its seemingly endless war with the shareholders of Fannie Mae and Freddie Mac.https://www.insidemortgagefinance.com/articles/225917-late-court-rulings-set-stage-for-fairholme-fhfa-trial?v=preview